Business
Disposals Programme Update
Regional REIT Limited has completed the disposal of Oakland House for £13.0m, a sale reflecting a 5.1% net initial yield and a 1% premium over its book value, with the property generating £0.7m in annual rental income and having 35% vacancy. This disposal is part of a broader programme that has generated £51.7m in proceeds year-to-date from seven asset sales, exceeding the £40m-£50m target for 2025 and contributing to the Group's strategy of reducing gross indebtedness and vacancy levels. Disclaimer*
About this update from Regional Reit Ltd.
[{"type":"text","content":"\n\n10 December 2025\nREGIONAL REIT Limited\n(\"Regional REIT\", the \"Group\" or the \"Company\")\nDisposals Programme Update\n \nRegional REIT Limited, the regional commercial property specialist, is pleased to announce it has completed the disposal of Oakland House, Talbot Road, Old Trafford, Manchester to Legacie Developments Ltd. for a total consideration of £13.0m, reflecting a net initial yield of 5.1% and representing a 1% premium over the 30 June 2025 book value.\n \nOakland House is a multi-let office building occupied in part by Greater Manchester Police under the Greater Manchester Combined Authority banner, with 35% vacancy. The property comprises 161,505 sq. ft. of office space with 1.7 years to expiry and generates annual rental income of £0.7m.\n \nThis disposal aligns with the Group's strategy to reduce gross indebtedness and vacancy levels. Including this sale and six other asset sales since 30 September 2025, total disposals for the financial year-to-date generated £51.7m of proceeds before costs, which reflects 1% above book value and exceeds the £40m-£50m target for 2025.\n \nStephen Inglis, Head of ESR Europe LSPIM, Asset Manager commented:\n\"The planned disposal programme is progressing well and in line with our plans. Annual sales to date now exceed £50m, surpassing our yearly target. The proceeds from these disposals will be allocated towards further debt reduction and accretive capital expenditure initiatives to enhance the quality of our portfolio.\"\n \n- ENDS -\n\n\n\n\nESR Europe Investment Management Ltd\n\n\nTel: +44 (0) 203 831 9776\n\n\n\n\nInvestor Relations\n\n\n\n\n\n\n\nAdam Dickinson\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nESR Europe LSPIM Limited\n\n\nTel: +44 (0) 141 248 4155\n\n\n\n\nAsset Manager to the Group\n\n\n\n\n\n\n\nStephen Inglis\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFTI Consulting\n\n\nTel: +44 (0)20 3727 1000\n\n\n\n\nFinancial Communications\n\n\[email protected]\n\n\n\n\nDido Laurimore, Giles Barrie\n\n\n\n\n\n\n\n \nAbout Regional REIT\n \nRegional REIT Limited (\"Regional REIT\" or the \"Company\") and its subsidiaries (the \"Group\") is a United Kingdom (\"UK\") based real estate investment trust that launched in November 2015. It is managed by ESR Europe LSPIM Limited, the Asset Manager, and ESR Europe Private ...